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Govt to pay Shs7.5t in harmonised wage bill

Uganda, April 16 -- The government has said the harmonised wage bill for the Financial Year 2024/25 is Shs7.513 trillion based on the audit report on wage harmonisation. The Permanent Secretary in th... Read More


60% of Ugandans are saving, says 2023 Finscope report

Uganda, April 12 -- About 60 percent of Ugandans are saving formally and informally, according to a 2023Finscope survey. This is a 6 percent increase, up from 54 percent in 2028, meaning Ugandans are ... Read More


Shilling-denominated loans moderated to 9.1 per cent - BoU

Uganda, April 11 -- Growth in shilling-denominated loans moderated to 9.1 per cent in April down from 9.6 per cent in the quarter that ended February 2024, according to the State of the Economy report... Read More


Mounting public debt eating into forex reserves, says BoU

Uganda, April 11 -- Uganda's foreign exchange reserves decreased by $490m in the six months to January, according to Bank of Uganda. The decline was due to mounting external debt repayments and the i... Read More


BoU raises Central Bank rate further to 10.25 %

Uganda, April 9 -- The Bank of Uganda (BoU) yesterday moved to raise its Central Bank Policy Rate to 10.25 percent to control an expected rise in inflation and interest rates as well as maintain stabi... Read More


World Bank raises Sub-Saharan Africa growth to 3.4 per cent

Uganda, April 9 -- The World Bank Group has expressed optimism that increased private consumption and declining inflation are supporting an economic growth rebound in Sub-Saharan Africa Uganda inclusi... Read More


EPRC reveals key goals as it celebrates 30 years

Uganda, April 7 -- The Economic Policy Research Centre (EPRC) has laid out key strategies to focus its research in the next 30 years. These include maintaining its research independence and provision ... Read More


Govt gets Shs72m braille, audio-visual informants

Uganda, April 5 -- Uganda is the first country among the 21 countries in the East and Southern African region to get Braille and Audio Visual Informants to guide the visually and hearing-impaired citi... Read More


Uganda's economic growth is accelerating - IMF

Uganda, April 2 -- The International Monetary Fund (IMF) staff appraisal has affirmed that Uganda's economic growth is accelerating, supported by the rapid decline in inflation and the construction of... Read More


Distribution of cattle in Uganda

Uganda, March 29 -- The 2021 National Livestock Census shows the total number of cattle in the country has increased to14.5 million, up from 11.4 million registered in the 2008 census. The Uganda Bur... Read More